Copeland Announces ?500 Crore Investment in India to Increase Manufacturing Capacity and Accelerate Climate Innovation

Copeland, a global leader in sustainable climate solutions, today announced a ?500 crore (US$60 million) investment in India to expand its manufacturing facility in Atit, Maharashtra and for the construction of a new global R&D centre in Pune, Maharashtra. The manufacturing, engineering and R&D investments in India will expand existing engineering capabilities, increase production capacity of Copeland's compression solutions and advance the innovation of sustainable heating, cooling, refrigeration and industrial solutions.

Underscoring Copeland's commitment to India, these expanded India facilities will provide for the addition of an advanced scroll compressor line catering to both the domestic and Copeland's key international markets in the region. The investments will expand Copeland's existing Pune manufacturing facility by an additional 7,350 square meters over the next five years and the addition of a 15,000 square meter R&D centre focused on advancing Copeland's climate solutions for its customers.

"India is an important growth market for Copeland, and this expansion reaffirms our commitment to both the India market and innovation," said Ross B. Shuster, chief executive officer, Copeland. "These planned investments will enable us to increase production capacity and reduce lead times for our customers in the region while supporting India's energy and environmental goals."

The addition of Copeland's award-winning scroll compressors to the manufacturing line up in India will advance cooling and refrigeration technology deployments for its customers based in the country. The company's expanded R&D investments in India will play a major role in helping pave a more sustainable and innovative future, as Copeland supports three global megatrends: energy transition through electrification of heating demand, adoption of low-GWP and natural refrigerants, and in safeguarding perishable food and medical products through an efficient and sustainable cold chain.

"Copeland is committed to serving our customers in India and the region by helping them address the demand for sustainable solutions and world-class quality," said Sandeep Gupta, vice president & managing director, Copeland India. "These investments will establish India as a leading scroll compressor manufacturing and innovation hub. We are investing in India's economic and sustainable future by supporting the India Prime Minister's vision of ?Make in India' and its aspiration to be a world-class manufacturing hub.

Learn more about Copeland's sustainable solutions at Copeland.com.

About Copeland

Copeland is a global leader in sustainable heating, cooling, refrigeration and industrial solutions. We help commercial, refrigeration, industrial and residential customers reduce their carbon emissions and improve energy efficiency. We address issues like climate change, growing populations, electricity demands and complex global supply chains with innovations that advance the energy transition, accelerate the adoption of climate friendly low GWP (Global Warming Potential) and natural refrigerants, and safeguard the world's most critical goods through an efficient and sustainable cold chain. We have over 18,000 employees, with feet on the ground in 50 countries - a global presence that makes it possible to serve customers wherever they are in the world and meet challenges with scale and speed. Our industry-leading brands and diversified portfolio deliver innovation and technology proven in over 200 million installations worldwide. Together, we create sustainable solutions that improve lives and protect the planet today and for future generations. For more information, visit copeland.com.